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Jan 21, 2013
01/13
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CNN
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he was tough on the debt ceiling. he was tough on the fiscal showdown. when he got tough, boehner had to let some republicans go his way. i think he want unity. the path is being tough and being clear about what he wants to get done bp. >> if you look at lift, second terms have not worked out how most presidents think they will work out. something happens. president bush, the financial crisis. president clinton, the impeachment. >> this guy is awesome. >> stuff happens. clean it up. it's family show. george w. bush never mentioned terrorism. that was the topic that dominated his term. i re-eisenhower's second inaugur inaugural. the most important thing was to send troops into little rock. i think most of these presidents have no idea what they're about to encounter. >> outside events end up shaping the legacy and how they respond. the president's maximum political power and validation is right now in this moment and in the next year. the question is does he strike while the iron is hot an does he take to the tendency which will be to appeal to the democr
he was tough on the debt ceiling. he was tough on the fiscal showdown. when he got tough, boehner had to let some republicans go his way. i think he want unity. the path is being tough and being clear about what he wants to get done bp. >> if you look at lift, second terms have not worked out how most presidents think they will work out. something happens. president bush, the financial crisis. president clinton, the impeachment. >> this guy is awesome. >> stuff happens. clean...
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Jan 21, 2013
01/13
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FOXNEWS
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the most important issues for our country such as debt ceiling spending and the gun control debate. >> that's where we begin our first pole this morning. when asked if you think the tough gun control laws will prevent acts like the noun shooting 41 percent say no people will still try to commit the acts. 22 percent said yes. we asked about finances. those polled say income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say they expect changes through immigration reform this year. 21 percent believe the deficit will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily
the most important issues for our country such as debt ceiling spending and the gun control debate. >> that's where we begin our first pole this morning. when asked if you think the tough gun control laws will prevent acts like the noun shooting 41 percent say no people will still try to commit the acts. 22 percent said yes. we asked about finances. those polled say income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say...
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Jan 22, 2013
01/13
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KPIX
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house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view the vote as an opportunity to raise more money for taxes. >> it's going to be a great opportunity for us. in our budget we lift budget reform which many of my republican colleagues like, but it's going to include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. no dollar amount specifically is in the bill, but the legislation is expe
house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they...
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Jan 23, 2013
01/13
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there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including efforts to
there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president...
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Jan 21, 2013
01/13
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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Jan 23, 2013
01/13
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the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through congress without getting a republican house. he has another problem, that's a democratic senate. 20 democrats are up for re-election in 2014. they're not as left wing as he is. they certainly didn't get elected in states as democrat and blue as obama did. so he's asking those guys to go out in front on his tax policies, his spending policies. remember, he just signed to make permanent 85% of the bush tax cuts in dollar terms, 99% of the bush tax cuts in terms of who was affected. these are tax cuts the democratic party has run against fo
the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through...
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Jan 23, 2013
01/13
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today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known
today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan...
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Jan 22, 2013
01/13
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earnings, is it going to be debt ceiling talks? basically, is it macro? >> well, i think today and tomorrow is going to tell us a lot. i want to see how google's earnings affect the nasdaq and in turn how the s&p reacts to that. and then tomorrow we have apple. i want to see how apple comes out. is apple going to take out the recent low of 43 and change? and how does the nasdaq react to that? and then what does the s&p react to the nasdaq? right now, i feel the s&p rally is going to be held hostage by the nasdaq. if google and apple can sustain their ground, then i think we keep going up. if they start to pull back, buyer hes in the s&p is going to say why buy them today if they're going on sale tomorrow? >> 483, we know the levels to watch for apple. anthony, thanks. >> thank you. >>> before we go, pro golfer fill michaelson has said he will make drastic changes because of several recent u.s. california and state tax hikes. the four-time major winner says he may move out of california or even retire. mickelson says if you add up everything, his tax rate
earnings, is it going to be debt ceiling talks? basically, is it macro? >> well, i think today and tomorrow is going to tell us a lot. i want to see how google's earnings affect the nasdaq and in turn how the s&p reacts to that. and then tomorrow we have apple. i want to see how apple comes out. is apple going to take out the recent low of 43 and change? and how does the nasdaq react to that? and then what does the s&p react to the nasdaq? right now, i feel the s&p rally is...
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Jan 21, 2013
01/13
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and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish with the majority in the house and the limits in terms of the public support for their position. you know, one of the things, chuck, the president used the campaign to do was to try to lay out in front of the public the competing visions for approaches to economic growth and deficit reduction. he feels like he's been vindicated, and i think republicans in the votes that jared was just talking about str recognized he has a point. >> yeah, but, john, it all boils down to there's a very different vision when you're talking about a government that
and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish...
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Jan 21, 2013
01/13
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he was tough on the debt ceiling, he was tough on the fiscal showdown. when he got tough, finally, bainer had to let republicans go his way. i think he wants unity, but the path to unity is not kumbaya, it's being tough and being clear about what he wants to get done for the country. >> second terms have not worked out how most presidents think they're going to work out. something happens, president bush the financial crisis, president clinton the impeachment. paul, another thing you said, the inaugural is another blueprint etched in sand? >> this guy's awesome. >> the great philosopher who first said, stuff happens. president bush, who ari served -- in his first inaugural never mentioned terrorism. that was the topic that dominated his term. i reread eisenhower's inaugural, he gave a stirring speech about the cold war and confronting communism. the most important thing he did in his second term was send troops into little rock. not into berlin, but little rock to enforce desegregation, he signed the first civil rights law since the civil war. he hardly
he was tough on the debt ceiling, he was tough on the fiscal showdown. when he got tough, finally, bainer had to let republicans go his way. i think he wants unity, but the path to unity is not kumbaya, it's being tough and being clear about what he wants to get done for the country. >> second terms have not worked out how most presidents think they're going to work out. something happens, president bush the financial crisis, president clinton the impeachment. paul, another thing you...
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Jan 23, 2013
01/13
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CSPAN
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the bill suspends the debt ceiling decision until may. miller's comments regarding the escrow and whether or not interest would be undertaken. i was looking at the 401k maneuver for $150 billion taken out of the 401k plan of congress and the federal employees. and the first thing that came to my mind is, if you are going to take $150 billion out and i don't have many money over there, but you don't get interest. it ain't but a nickel, but a penny and somehow or another that seems to be a problem here as well. but being out of sight doesn't mean being out of mind. and the republicans can't will away our national responsibilities just because it conflicts with the ideology of your more extreme members. i imagine come may, my friends on the other side will find another loophole that allows them to pay off the debt ceiling for another three months. we emerge from almost crisis to almost crisis through the next year while at the same time you notorious on the other side for complaining that the problem with our economy is uncertainty. i have h
the bill suspends the debt ceiling decision until may. miller's comments regarding the escrow and whether or not interest would be undertaken. i was looking at the 401k maneuver for $150 billion taken out of the 401k plan of congress and the federal employees. and the first thing that came to my mind is, if you are going to take $150 billion out and i don't have many money over there, but you don't get interest. it ain't but a nickel, but a penny and somehow or another that seems to be a...
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Jan 21, 2013
01/13
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FBC
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you put the debt ceiling off for a few months. now you start discussing those automatic spending cuts known as a still questionnaire. they want to get this on what they call their home turf and basically talk about spending. they want to move the spending cuts conversation up and continued that through the debt ceiling. there are these number of deadlines coming up. by doing this, they move up the spending that conversation. they hope to get the ball rolling there and hope to continue that through the next round of debt ceiling talks. remember, neil, there are two issues that the rating agencies are looking for, they want an orderly increase of the debt ceiling. they say no strings attached. you go further down into those press releases and they are saying, we want a budget deal, this year, 2013. that is something that republicans are looking for and that is something they hope to secure out of all of this. neil: peter barnes, if you are still with me, too, i want to bring you into this. secretary of state hillary clinton with joh
you put the debt ceiling off for a few months. now you start discussing those automatic spending cuts known as a still questionnaire. they want to get this on what they call their home turf and basically talk about spending. they want to move the spending cuts conversation up and continued that through the debt ceiling. there are these number of deadlines coming up. by doing this, they move up the spending that conversation. they hope to get the ball rolling there and hope to continue that...
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Jan 21, 2013
01/13
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ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none have been discussed at least in the short term are going to solve the problem. the only way you solve the problem is by structural entitlement reform. you have to change the trajectory. it is not 50 billion from defense spending there. it would have an impact in our capability in context with the military but the only way you get serious and change the trajectory of the debt is to have entitlement reform. >> what does that take? we are europe and finally we have to do something about it? >> i think charles's point this is a president who wouldn'
ceiling has to have tax loopholes closed. speaker boehner brought the 800 billion in loop whole closures in the beginning of the fiscal cliff negotiation that should be a part of this deal. despite the fact that the president wanted rate increase on the fiscal deal and that's all they want. >> you can see the democrats and white house believe they have the argument in their back pocket. they offered once they can call on it again if they are going to concede on any spending cuts. none...
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Jan 22, 2013
01/13
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republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would be a pla
republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he...
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Jan 23, 2013
01/13
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nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united states of america? >> i have no idea. but i can tell you -- >> if you don't have any, maybe it is to defeat the objectives that this president, at whatever cost some so-call leaders have said. they want to stop this president and they were unsuccessful in that measure. maybe they decided to change tactics and maybe this discussion is unnecessary and we find some other way to get a hand on the deficit. let me thank you to your contribution to this conversation as you have so many times before. i yield back my time. >> thank you, mr. johnson is
nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united...
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Jan 24, 2013
01/13
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FBC
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the debt ceiling another three months until the 18th of may. the vote to 852144. 111 democrats voting no. also asking the house and senate to approve a budget by the 15th of april. they don't congressional pay could be placed an escrow through late next year. does that sound like music? senate majority leader harry reid says the bill will be voted on in the senate over the coming days. the white house says the president will actually sign it into law. meanwhile, senate budget committee chairwoman saying that her committee will, indeed, draft a budget this year if adopted. the first time that the senate democrats have passed a budget in four years. so in advance to the democrats returning to regular word business, returning government at least in its transition to reality for us all. thank you very much. joining us now, the "a-team". good to have you all year. i have to think that you are about to break out in song. i mean, think about it. an agreement amongst the republicans for a 10-year plan. ryan has taken 30 years out of his plan, reduced c
the debt ceiling another three months until the 18th of may. the vote to 852144. 111 democrats voting no. also asking the house and senate to approve a budget by the 15th of april. they don't congressional pay could be placed an escrow through late next year. does that sound like music? senate majority leader harry reid says the bill will be voted on in the senate over the coming days. the white house says the president will actually sign it into law. meanwhile, senate budget committee...
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Jan 23, 2013
01/13
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. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids. >> this is a party, a retreat. >> a retreat of sorts. >> they may not even vote for this. >> it really is unacceptable. >> they will evolve or die, it is that simple. >> it will stand out as one of the great days. >> today marks 40 years. >> the 40th anniversary of roe v. wade. >> this allows a woman free choice. >> support for reproductive choice is at a record high. >> 54% believe abortion should be legal. >> there was an assault on women's access to reproductive health care. >> do i believe that the supreme court should overturn roe v. wade? yes. >> 70% say it should not be overturned. >> this is a deeply personal issue, one that should be made by women. >> w
. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids....
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Jan 23, 2013
01/13
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a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over the sequester. remember that's that across the board budget cut postponed during the fiscal cliff fight in december and january. now that will be the first fight up at the beginning of march. republicans feel that that is a much more safe political ground for them to fight on than to fight over the debt ceiling which of course could threaten a default on the nation's obligations so we do expect this vote within the next couple of minutes here to pass by republicans, then it will go over to the senate side and the white house ha
a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over...
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Jan 24, 2013
01/13
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and remember the debt ceiling thing that everybody has been fighting about for months. that finally happened today. the stealth story that we have been covering about republicans in the states changing the rules for presidential elections to make it harder for democratic candidates to win, that story moved forward today in a big way, and is getting increasing national attention. there is a lot going on. this was a big news day. we're going to be getting to all of that. but none of those stories were the biggest, most surprising thing that happened on this big, surprising day of news. that story is our lead story tonight, and it starts here. this is a medal of honor ceremony. the highest award our country gives for valor. president clinton here bestowing the medal of honor on vernon baker, whose medal of honor citation explains his acts of extraordinary heroism and daring leadership in an attack on a fortified gothic italian castle in world war ii. by the end of the war, that was considered to be one of the last lines of defense for the nazis. the nazis surrendered in ma
and remember the debt ceiling thing that everybody has been fighting about for months. that finally happened today. the stealth story that we have been covering about republicans in the states changing the rules for presidential elections to make it harder for democratic candidates to win, that story moved forward today in a big way, and is getting increasing national attention. there is a lot going on. this was a big news day. we're going to be getting to all of that. but none of those stories...
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Jan 23, 2013
01/13
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battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time. and remember all the usual bluster in those press conferences of theirs? today, the gop leaders ducked the press. only a few print reporters, boehner's camera man and a lone fox news camera were there to capture their comments in their entirety. huh? so why the sudden change? >> the full faith and credit of the united states of america is not a bargaining chip. we are not a deadbeat nation. >> they will not collect our ransom in exchange for not crashing the american economy. what i will not do is to have that negotiation with the american people. we're not going do do that. >> they're not going to do that.
battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time....
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Jan 25, 2013
01/13
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the republicans knew they couldn't fight president obama on the debt ceiling. they should have just extended it sbeerly. i think there are some republicans who learned some lessons who broke with the party to vote with aid for the victims of hurricane sandy. so i think this sort of meeting is sort of the top line of people wanting to say it's just organization. but i think below that, there are republicans who know their problems run deeper. >> i don't doubt that, but i think that the bad signal is, for example, how are you going to say you're going to have change re-elect the same chairman in reince priebus, who we learned this week, had clint east wo east's empty chair in his office. to have that as some symbol that you want to recognize other than if you use an example to show how you lost an election, how dumb we could be. i mean, what -- can you re-e lek elect this guy's chair? >> look, we are in a two-party system. but the parties recon fizz your themselves. so, for example, there was ultimately a moment when the party shifted and where those democrats ha
the republicans knew they couldn't fight president obama on the debt ceiling. they should have just extended it sbeerly. i think there are some republicans who learned some lessons who broke with the party to vote with aid for the victims of hurricane sandy. so i think this sort of meeting is sort of the top line of people wanting to say it's just organization. but i think below that, there are republicans who know their problems run deeper. >> i don't doubt that, but i think that the bad...
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Jan 21, 2013
01/13
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the president insisted he would not negotiate the debt ceiling again. the republican response is to give themselves more time before raising it. the partisan posturing, the positioning, that will yield to partisanning battling anew. >>neil: thank you. now, something that is fascinating. four years ago and again here, they get out of the their cars, the president and the vice president, they wave to the crowd, keep in mind they are feet away from the reviewing stand. they get back in the car. then to the reviewing stand and i am sure there is logic and reason and it has to do with the timing of it all but they are feet away. i could touch them. he will take the rest of the way by car. that is the vice president and the president. they will soon be in the reviewing stand. the former chairman of ubs america, a very, very important influential financial player for the obamas and kitchen cabinet type advisors on all things business community. very good to see you. thank you for coming. >> i have not seen you since election night. good to be on. chuck schumer
the president insisted he would not negotiate the debt ceiling again. the republican response is to give themselves more time before raising it. the partisan posturing, the positioning, that will yield to partisanning battling anew. >>neil: thank you. now, something that is fascinating. four years ago and again here, they get out of the their cars, the president and the vice president, they wave to the crowd, keep in mind they are feet away from the reviewing stand. they get back in the...
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Jan 24, 2013
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i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in slightly better than expected, $32.6 million. >>> officials at sac capital are giving investor an update on an investigation by the securities & exchange commission. that's what sources are telling fox business network senior correspond
i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in...
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Jan 23, 2013
01/13
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this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. th
this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term...
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Jan 24, 2013
01/13
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no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt ceiling for about three months, it also requires the house and senate to pass budget resolutions by april 15th, and if they don't, representatives and senators will not get paid, which is of course, wildly unconstitutional. the 27th amendment prohibits congress from modifying their own paychecks in any way. they can vote to change the pay for future congress only, but republicans passing an unconstitutional bill, while at the same time relieving the pressure on the debt ceiling was welcomed by some democrats as republicans moving from out-right crazy to half-crazy. >> i'm not sure w
no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt...
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Jan 22, 2013
01/13
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt...
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Jan 24, 2013
01/13
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MSNBC
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the debt ceiling debacle is postponed until may. the senate is close to a deal to reforming the filibuster. and we of course are waiting for the start of the nominatio
the debt ceiling debacle is postponed until may. the senate is close to a deal to reforming the filibuster. and we of course are waiting for the start of the nominatio
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Jan 23, 2013
01/13
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CNNW
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what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both houses, each house would have to pass a budget or members of congress won't be paid. their pay will be put in an escrow account are they won't be paid. that's a little bit. schtick they're trying to use. this takes away the threat of a big default. >> house republicans have it seems backed off their demand that any increase in the debt ceiling be matched by spending cuts. is this seen as a political retreat or are they hoping to gain something in return? >> reporter: well, both sides are kind of gloating here and claiming victory. we had a press conference from
what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both...
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Jan 22, 2013
01/13
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he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and
he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting...
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Jan 24, 2013
01/13
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CURRENT
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they said they were going to fight president obama on the debt ceiling. they voted 285-144 to say they will not fight. now there are other provisions in there that we will talk about as well, but that's the main heart of it. they moved that to may 18th. don't think they're not going to fight over the budget. they are. there are two others opportunities for it. the sequester comes in march 1st. they'll make a huge sting out that have and then the budget is on april 15th. there will be two more fights before we get back from the debt ceiling. why did they do this? i'll bring in a couple of guests to sort that out. first of all grace she wrote a very good piece about that today. and our own political correspondent michael shure and he joins us here. grace, i have a theory, and i'm going to read a quote from chris chocola. he said, the club for growth will not oppose tomorrow's vote on the debt ceiling. the club for growth will, on the other hand, strongly oppose any efforts during the upcoming debate over the continuing resolution and sequester that fail to
they said they were going to fight president obama on the debt ceiling. they voted 285-144 to say they will not fight. now there are other provisions in there that we will talk about as well, but that's the main heart of it. they moved that to may 18th. don't think they're not going to fight over the budget. they are. there are two others opportunities for it. the sequester comes in march 1st. they'll make a huge sting out that have and then the budget is on april 15th. there will be two more...